v3.26.1
Condensed Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 9,637,216 $ 6,310,878
Prepaid expenses and other current assets 3,271,661 934,931
Total Current Assets 12,908,877 7,245,809
Digital assets 74,119,231 16,345,347
Digital assets receivable, net   6,935,131
Digital intangible assets 25,721,566 20,591,555
Operating lease right-of-use asset 207,044 415,998
Other assets 182,200 230,416
Total Assets 113,138,918 51,764,256
Current Liabilities:    
Accounts payable 139,114 317,900
Accrued expenses and other current liabilities 2,153,114 1,871,106
Operating lease liabilities - current portion 417,593 512,007
Notes payable - current portion, net 2,798,981  
Total Current Liabilities 5,508,802 2,701,013
Notes payable - non-current portion, net 5,639,696 7,796,136
Operating lease liabilities, non-current portion 55,649 206,600
Total Liabilities 11,204,147 10,703,749
Commitments and contingencies (Note 9)
Stockholders' Equity    
Preferred stock, $0.0001 par value, 60,000,000 shares authorized; Series A Non-Voting Convertible Preferred Stock, 5,435,898 shares designated; 5,235,897 and 5,435,897 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively with a liquidation preference of $50,740,000 as of June 30, 2026 524 544
Common stock, $0.0001 par value, 600,000,000 shares authorized; 15,299,832 shares issued and outstanding as of June 30, 2026; 8,762,329 shares issued and 8,680,005 shares outstanding as of December 31, 2025, respectively 1,531 876
Additional paid-in-capital 302,765,630 281,937,072
Treasury stock, at cost, 0 and 82,324 shares as of June 30, 2026 and December 31, 2025, respectively   (253,558)
Accumulated deficit (200,832,914) (240,624,427)
Total Stockholders' Equity 101,934,771 41,060,507
Total Liabilities and Stockholders' Equity $ 113,138,918 $ 51,764,256